Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The HC held that the petitioner was not entitled to have an application filed after the matter was reserved for orders heard before the NCLT pronounced its decision. The Court emphasized that once the hearing is concluded and the matter reserved, the making and pronouncement of orders may follow at a later time for convenience, without violating principles of natural justice. The petitioner's claim that denial of opportunity to place on record a document post-reservation caused serious miscarriage of justice was rejected. The HC reiterated that interference under the IBC, 2016 proceedings by High Courts should be sparing and only in exceptional circumstances. As the petitioner failed to demonstrate any necessity for interference to meet ends of justice, the application was dismissed and no relief granted.
The HC held that the petitioner was not entitled to have an application filed after the matter was reserved for orders heard before the NCLT pronounced its decision. The Court emphasized that once the hearing is concluded and the matter reserved, the making and pronouncement of orders may follow at a later time for convenience, without violating principles of natural justice. The petitioner's claim that denial of opportunity to place on record a document post-reservation caused serious miscarriage of justice was rejected. The HC reiterated that interference under the IBC, 2016 proceedings by High Courts should be sparing and only in exceptional circumstances. As the petitioner failed to demonstrate any necessity for interference to meet ends of justice, the application was dismissed and no relief granted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
